HF Sinclair Co. (NYSE:DINO) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 76.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,206 shares of the company's stock after purchasing an additional 81,390 shares during the period. New York State Common Retirement Fund owned 0.10% of HF Sinclair worth $6,597,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DINO. JPMorgan Chase & Co. boosted its stake in HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock worth $37,845,000 after acquiring an additional 33,373 shares during the last quarter. Aigen Investment Management LP bought a new stake in HF Sinclair during the 3rd quarter worth about $1,253,000. Merit Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter valued at approximately $263,000. Blue Trust Inc. boosted its holdings in shares of HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after buying an additional 2,655 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of HF Sinclair in the 3rd quarter valued at about $5,927,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DINO. Barclays decreased their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Mizuho reduced their price target on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. UBS Group decreased their target price on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company downgraded shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $51.00.

HF Sinclair Price Performance

Shares of NYSE:DINO traded up $0.39 during trading on Friday, reaching $35.25. The company had a trading volume of 15,189,549 shares, compared to its average volume of 3,065,122. HF Sinclair Co. has a 12 month low of $33.47 and a 12 month high of $64.16. The company has a fifty day moving average of $36.08 and a two-hundred day moving average of $40.87. The stock has a market capitalization of $6.64 billion, a P/E ratio of 42.99 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. Equities research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 5.67%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the acquisition, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 17,000 shares of company stock worth $612,870 in the last quarter. 0.28% of the stock is owned by company insiders.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.